Enterprise Resource Planning (ERP) has been around since the early 19602, yet most businesses are only not realizing its potential. Initially as a tool to help top management with decision making, ERPs have transformed significantly. They can improve businesses with increased efficiency, ease of access, protected data, and much more. A huge question can be asked: how can ERPs help organizations to maximize value creation, be more proactive, and stay relevant? Here are the five technology trends that have the potential to shape the future of ERPs:
- Machine Learning
- Internet of Things (IoT)
- AI/ Chatbots
- Social Collaboration
When we integrate ERP with technology of today, a door of opportunities awaits. This merge has the potential to deliver greater insights to decision makers at almost every organizational level.